One of the biggest mistakes that new real estate investors make is that they spend an inordinate amount of time learning about finding and typing up deals but a small amount of time on how to raise equity capital from private money lenders. It’s just as important, if not more important, for real estate investors to understand the ins and outs of raising money as finding the deal. Finding a deal is great but if you do not have earnest money to tie up a deal or funds to purchase it, then all that time and effort is for nothing. (Ankit Investing Life Rules: Work Smarter Not Harder). When you make an offer on a piece of property, it is expected, and usually required, that you place a earnest money deposit down with your offer. If you are currently living paycheck-to-paycheck, coming up with even a few hundred dollars can be a big hurdle in launching your real estate investment business, let alone thousands needed for a purchase. Hence if you work on raising capital from private money lenders while locking up deals then you will have a greater chance for investment success. The goal of this post to help you learn how to raise capital from private money lenders so that you can - Finding Private Money Lenders Is Not As Hard You Think. Here Are Some Simple Ways To Find Private Money Lenders. Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I ve got quick video on finding private money lenders, who to look for, how to find them, and how to get their attention. Why should you find a private money lender? Because with a bit of elbow grease, not only do you NOT have to deal with banks when you need money for your deals, you get better terms, better rates, more flexibility and control, and a potential pool of unlimited cash. Characteristic of Private Money Lenders Not everyone is a good private lender, so you don t want to ask just anyone, you re looking for someone. - With savings - Who is nearing retirement 50-60 years old - Young professionals making money while their expenses are low - Who sick of getting low returns or losing money on their portfolio. - Who likes the idea of getting their money out of Wall Street - Who are interested in real estate but may not know the know how - Who like the idea of quick, high rates of returns - Who want more control over their investments - Excited.
More on the topic: How can i find a private money lender to lend me $1275 if i have bad credit?
How can i find a private money lender to lend me $1275 if i have bad credit?
I need a $10,000.00 loan to pay off all my existing bills. I would be able to save $1600.00 a month if I could do this. I own a home with alot of equity available and have a good job and income. M.How can i find a private money lender to lend me $1275 if i have bad credit?
How do I find a hard money lender?
I am seeking a Private Money Lender for purchasing REOs, Foreclosed, and Short Sale Properties. I will be Flipping these properties at the Closing table to other investors. However, my search for.How do I find a hard money lender?
Where Can I Find An Active Private Money Lender?
was in a Chap. 13BK. Trustee & self saw escrows paid & assumed the other paid it as per BK regulations. Big lender snuck in & paid at last minute & now wants the money or will accelerate note. We w.Where Can I Find An Active Private Money Lender?
Where do I find Private Lenders?
I need $25,000 down in the next 10 days. I will need $125,000 in the next two months. I will be able to get a renovation loan in about 6 months or so and then be able to pay back the private mone.Where do I find Private Lenders?
Where can I find private money lenders to purchase a house under market value.?
I'd like to check out a Private Money Lender I intend to get involved with. How does one go about checking out a Private Money Lender?Where can I find private money lenders to purchase a house under market value.?
Finding Private Money?
Where can you even locate sources for private money?Finding Private Money?
I would like to find a private party money lender.?
I need to find a hard money lender or private investor for a $20,000 loan. I want to use the equity in home as the basis for the loan. The house is worth about $200,000 and I owe $83,000 on the mor.I would like to find a private party money lender.?